UK rates left on hold - for now
UK interest rates have been held at 5% by the Bank of England's Monetary Policy Committee (MPC).
The move was widely expected, although many analysts now predict that rates will be cut to 4.75% in June.
The MPC's decision came despite a flurry of downbeat data this week which has added to worries about the state of the UK economy amid a global slowdown.
However, rising fuel and food prices means that there are still worries over controlling inflation.
The move was widely expected, although many analysts now predict that rates will be cut to 4.75% in June.
The MPC's decision came despite a flurry of downbeat data this week which has added to worries about the state of the UK economy amid a global slowdown.
However, rising fuel and food prices means that there are still worries over controlling inflation.
